The number of new high-end homes comes at a time when more housing is needed that is within reach of middle-class residents. Photo: Bloomberg

NY construction booms with luxury housing focus

Residential building spend up 73pc to US$11.9b in 2014 with a tilt towards high-end homes

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The number of new high-end homes comes at a time when more housing is needed that is within reach of middle-class residents. Photo: Bloomberg
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